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Zenfire no more?
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Zenfire no more?

  #541 (permalink)
Elite Member
Belgium
 
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steve2222 View Post
And what happens after February?? We start paying?

if you stay with them, yes. Thats my understanding.

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  #542 (permalink)
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Denver, CO
 
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mk77ch View Post
currently filling out the registration form on kinetick...

when i want to trade the e-mini s&p 500, do i need the basic subscription and the cme e-mini package?
and if i want to use the jigsaw tools do i need the market depth package as well?
i am confused...

basic package: $55 usd
cme e-mini: $46 usd
market depth: $20 usd
total: $121 usd per month for data?

Yes although, the $46 is waived assuming you have a live funded trading account through the CME waiver program Kinetick - Streaming real time quotes and hstorical market data CME Data Fee Waiver program.

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  #543 (permalink)
Elite Member
Switzerland
 
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Broker/Data: Dorman
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NinjaTrader View Post
Yes although, the $46 is waived assuming you have a live funded trading account through the CME waiver program Kinetick - Streaming real time quotes and hstorical market data CME Data Fee Waiver program.

i have a live account with mirus/dorman.

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  #544 (permalink)
Teflon
Anderson,South Carolina,united states,
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: Mirus
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Wealth is Relative


daytrader4545 View Post
I feel the same way you do . I keep min in my account I need for that week and then transfer profits back to my bank and lower my risk . I know if the FCM goes out of business it will a very long time to get some or part of my money back . Just look at MF Global a billion dollar company !!!!

Daytrader4545....thanks for the advice but you have to understand that some people have many more and larger accounts than others. I traded options through an FCM that cleared with PFG. I traded big with risk money. I am not a a 2 or 3 lot emini daytrader. PFG was one of the largest and well respected firms in the industry. Its CEO, Russell Wasendorf, was one of the most respected figures in the industry. He was also on the board of directors for the NFA. Now to explain why I had a "relatively large" account with PFG. I have most of my money with wealth management firms all over the country. I also have several large risk accounts that I trade myself. I do not trade for a living, I trade because I like the game, much as a gambler likes the casino. I have lost a small fortune in this game and I have made some very good profits to offset those loses, mostly hedging with options. After the loss at PFG I have reduced my account size at several retail brokers.

NOw lets talk about the real risk in the markets:

The S&P 500 mini is trading over 1800....
1800 times $50 = $90000......
The current margins are as low as $400...
That is 225 to 1
If we applied the same rules for stocks, we would have to put up $22,500 per contract,
and yet the SEC requires stoic traders to put up $25000 to day trade because it is too risky.
One day......we are going to have a serious event in the world during market hours,
and the market is going to gap and many of these fly by night brokers are going to go under... along with everyone's funds.
I think they should have the same rules that apply to Forex, max 50-1 leverage.

One way or the other, anyone who has an account is at risk not only of losing their money trading but losing it to
unscrupulous individuals ...or just maybe an act of God.

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  #545 (permalink)
Elite Member
New York, New Jersey/USA
 
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Are these changes permanent?

Anyone have any ideas as to whether these new arrangements with Mirus are permanent or are they going to restore Zenfire or equivalent at some point?

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  #546 (permalink)
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Montreal, Canada
 
Futures Experience: Beginner
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Seahn View Post
Anyone have any ideas as to whether these new arrangements with Mirus are permanent or are they going to restore Zenfire or equivalent at some point?

Zenfire was never out of the equation. On December 31st, an ETA for resolution was set on January 5th.
See https://www.mirusfutures.com/emails/Client_ZenFire_Update_12.31.13.htm

Things apparently didn't turn out as expected and here we are with Continuum, which really appear as an emergency option.

Funny thing is, even MirusTrader (https://www.mirusfutures.com/mirus_trader/login) is down (see https://trader.mirusfutures.com/).
Well at least they are doing maintenance with a sledgehammer on railroads!

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  #547 (permalink)
Elite Member
Germany
 
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Broker/Data: NTB / Continuum
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Time to leave Mirus.

Their offer is a joke!

At the end you need to pay for the exchanges you want in real-time.

If you just buy the 55 dollar package you will get 10 mins delayed data.


Maybe it is time to go to CQG at AMP.

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  #548 (permalink)
Elite Member
Clerkenwell, London
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: 6E
 
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Seahn View Post
Anyone have any ideas as to whether these new arrangements with Mirus are permanent or are they going to restore Zenfire or equivalent at some point?

As a Mirus/RCG client that's what I'd like to know - I think Mirus should tell us what their medium-terms plans are.

I'm not paying for data, no way.


Balanar View Post
Maybe it is time to go to CQG at AMP.

That's what I'm looking at too, although the clearing operation being part of the same firm puts me off (as does unpublished commissions). The reason I chose Mirus in the first instance was because they looked the most upfront and open of a sorry bunch.


Last edited by martifc; January 8th, 2014 at 01:39 PM.
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  #549 (permalink)
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Okay, if I understand that right.

You do not have to pay CME fees for example, but you need to have a live funded account to get the waiver program.

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  #550 (permalink)
Trading's simple not easy
Adelaide Australia
 
Futures Experience: Intermediate
Platform: Ninja > MC
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delayed data!!



Balanar View Post
Time to leave Mirus.

Their offer is a joke!

At the end you need to pay for the exchanges you want in real-time.

If you just buy the 55 dollar package you will get 10 mins delayed data.


Maybe it is time to go to CQG at AMP.

Hi guys all this is confusing
delayed data is not what i expected
Where did you find that fact, can you provide a link to the quote please,

ang

"If you believe you CAN, or, you believe you CAN'T, you're RIGHT!"
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